A _____ connects two successive balance sheets because it explains the change in cash from operating, financing, and investing activities.
A)statement of cash receipts and disbursements
B)income statement
C)funds flow statement
D)statement of cash flows
E)statement of retained earnings

Question

Quizplus · Accepted Answer

The statement of cash flows shows the changes in a company's cash and cash equivalents from operating, financing, and investing activities, and connects two successive balance sheets by explaining the change in cash.

A _____ Connects Two Successive Balance Sheets Because It Explains